I need help with the formula for an ITIL Prioritization Matrix. Basically, we want to display P1, P2, etc, based on the Urgency and Impact shown below. I have come up with the formula below which come back unparseable and I can't figure out why. The second screenshot shows it in the sheet, and it appears to be properly validating. I made sure the values in the dropdown boxes in both columns were spelled correctly, including having no leading or ending spaces. I also changed them to text fields to see if that helped.
=IF(Urgency = "High", IF(Impact = "High", "P1", IF(Impact = "Medium", "P2", IF(Impact = "Low", "P3"))), IF(Urgency = "Medium", IF(Impact = "High", "P2", IF(Impact = "Medium", "P3", IF(Impact = "Low", "P4"))), IF(Urgency = "Low", IF(Impact = "High", "P3", IF(Impact = "Medium", "P4", IF(Impact = "Low", "P5"))))))
Above: Screenshot from sheet
Above: Screenshot of matrix